Sumary of China’s EV startups challenge giants in Europe and Japan:
- Chinese automaker Aiways sees no reason why the same shouldn’t apply to electric vehicles.
- The company ships its cars through local partners to customers in Europe from its factory in the eastern Chinese province of Jiangxi.
- Workers inspect a car at an Aiways factory in Shanghai: The company sees Europe as a promising market as competition at home grows fierce.
- © Reuters Alexander Klose, the Aiways executive vice president in charge of overseas operations, believes the rise of Chinese smartphones and laptops has helped convince the world that “there could also be some quality products coming out of China.
- Aiways is not alone: A growing number of Chinese EV makers are setting their sights on overseas markets — and they intend to compete on quality as much as price.
- BYD, the Chinese automaker backed by U.S. investment guru Warren Buffett, is betting on Norway.
- It shipped its first 100 European-specification SUVs to dealers there this June, and it plans to deliver 1,500 by the end of the year.
- Like Aiways, BYD is keen to take advantage of overseas consumers’ improving perception of Chinese products.